DA Davidson has decided to maintain its Buy rating of Lowe's Companies (NYSE:LOW) and lower its price target from $292.00 to $240.00.
Shares of Lowe's Companies are trading up 2.77% over the last 24 hours, at $188.91 per share.
A move to $240.00 would account for a 27.04% increase from the current share price.
About Lowe's Companies
Lowe's is the second- largest home improvement retailer in the world (behind wide-moat Home Depot), operating 1,971 stores and servicing 230 dealer-owned stores throughout the United States and Canada. The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling. Lowe's targets retail do-it-yourself and do-it-for-me customers as well as commercial business clients. We estimate Lowe's captures a low-double-digit share of the $900 billion domestic home improvement market, based on Lowe's estimate for market size.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
